Indicators 2

Principal Indicators Indicators Interest rate

USA 2.50%

Japan -0.10%

EU 0.0%

Inflation Rate Core Inflation Rate

2.2% 2.2%

0.8% 0.9%

1.9%

19390.60 3.40% 98.30 252.88 2.2%

4872.14 -0.60% 42.7 101.80 0.8%

12589.50 0.20% -6.20 104.30 1.0%

3.90%

2.5%

8.1%

$-55.488 B

¥-737.3 B $ -6.81 B

€14 B $ 16.02 B

Economic Health: GDP GDP Growth Rate Consumer Confidence Consumer Price Index (CPI) CPI y/y Unemployment rate Trade Balance Date

07/01/19

Page 1

USD Index Nº

1

Indicator

Relaction

United States Initial Jobless Claims=Unemployment Claims

Overall economic health because consumer spending is highly correlated with labor-market conditions.

2 3 4 5 6 7

ADP (Automatic Data Processing) Non-Farm Employment Change ISM Manufacturing PMI Average Hourly Earnings m/m Non-Farm Employment Change Unemployment Rate

8 9

ISM United States Non-Manufacturing Purchasing Managers Index (PMI) ISM United States Non-Manufacturing Employment

10

Fed Chair Powell Speaks

Leading indicator

United States JOLTS Job Openings of overall

employment

11 13

President Trump Speaks Crude Oil Inventories

14 15 16 17 18 19 21

EIA United States Crude Oil Stocks Change FOMC Member Rosengren Speaks EIA United States Cushing Crude Oil Stocks Change United States 10-Year Note Auction Federal Open Market Committee (FOMC) Minutes Federal Open Market Committee (FOMC) Member Bullard Speech

22 23 24 25 26 27 28

Federal Reserve System (Fed) Vice Chairman Clarida Speech CPI m/m Core CPI m/m United States Producer Price Index (PPI) m/m Core PPI m/m FOMC Member George Speaks Beige Book

Federal Open Market Committee (FOMC) Member Evans Speech

It's a leading

29

Philly Fed Manufacturing Index indicator of

economic health.

FOMC Member Quarles Speaks

30 31

Page 2

USD Actual

‘Jan 2019 Forecast

Previous

3

231K

220K

221K*

10

216K

226K

233K

3 3 4 4 4 4 10 7 7

271K 54.1 0.4% 312K 3.9%

157K 59.3 0.2% 176K 3.7%

57.6 56.3

179K 57.7 0.3% 179K 3.7% Read comments Read comments 59.6 57

8

6.89M

7.07M

7.13M

0.0M -1.7M

Read comments -2.8M -2.4M

0.0M 0.0M

Day

Total

17

9 4 9 16 9 9 9 9 9 10 9 10 10 11 11 15 15 15 16 17 17

-1.68 M 0.33 M 2.728%

-0.1% 0.2% -0.2% -0.1%

17.0

-0.019 M Read comments 0.677 M Read comments Read comments Read comments Read comments Read comments -0.1% 0.2% -0.1% 0.2% Read comments Read comments 9.7

60.7 58.4

0.007 M 0.641 M 2.915%

0.0% 0.2% 0.1% 0.3%

9.4

Read comments

Page 3

2 -3 3 3 -3

JPY Index Nº

Indicator

1 2

Nikkei Japan Services Purchasing Managers Index (PMI) 10-Year Japanese Government Bond (JGB) Auction

3

Consumer Confidence

4 5 6 7

Average Cash Earnings y/y Japan Household Spending y/y Current Account Economy Watchers Sentiment

10 11 12 13 14

Day

Preview of IR

7 8

Indicator of consumer spending

M2 Money Stock y/y correlated with interest rates.

Producer Price Index (PPI) or Corporate Goods Price Index (CGPI) Tertiary Industry Activity

It's a leading m/m indicator of economic health

Bank of Japan (BoJ) Governor Kuroda Speech National Core CPI y/y

Page 4

8 8 10 10 11

It's positively

8 9

Relaction

14 15 16 17 17

JPY Actual 51 0.015%

‘Jan 2019 Forecast 51.8

Previous 52.3 0.074%

42.7

42.8

42.9

2.0% -0.6% 1.44T 48.0

1.3% 0.0% 1.10T 50.5

1.5% -0.3% 1.21T 51.0

2.4%

2.4%

2.3%

1.5%

1.8%

2.3%

-0.3%

-0.5%

2.2%

Total

Read comments

Page 5

EUR Index Nº 1 2 3 4 5 6 7 8 9 10 11 12 13

Indicator

Relaction

CPI Flash Estimate y/y Core CPI Flash Estimate y/y Germany Retail Sales m/m Germany Factory Orders m/m Germany Factory Orders y/y European Union Retail Sales m/m European Union Retail Sales y/y European Central Bank (ECB) Vice President de Guindos Speech

Day 4 4 7 7 7 7 7 7

Indicator of

Germany Industrial Production m/m economic health. Germany Industrial Production y/y France Trade Balance Germany Trade Balance Italy Unemployment Rate

8 8 8 9 9

Overall

14

European Union Unemployment Rate economic health.

9

15

Used to decipher investors' outlook Bond Auction on future interest rates.

9

16

17 18 19 20

21

22 23 24

Germany 10-Year

France Industrial Production

Leading indicator of economic health; correlated with m/m consumer conditions such as employment levels and earnings.

Italy Retail Sales m/m European Central Bank (ECB) Monetary Policy

Economic conditions that influenced their Meeting Accounts decision on where to set interest rates.

Italian Industrial Production m/m

10

10 10 11

German WPI (Wholesale Price Index)

It's a leading indicator of m/m consumer inflation.

14

European Union Industrial Production

Leading indicator of economic health; correlated with m/m consumer conditions such as employment levels and earnings.

14

France Consumer Price Index (CPI) m/m France Government Budget Balance European Union Trade Balance Page 6

15 15 15

EUR 25 26 27 28 29 30 31 32 33 34 35 36

European Central Bank (ECB) President Draghi Speech Germany Consumer Price Index (CPI) m/m Italy Consumer Price Index (CPI) m/m German 30-y Bond Auction Italy Trade Balance Final CPI y/y Final Core CPI y/y

Page 7

15 16 16 16 17 17 17

EUR Actual 1.6% 1.0% 1.4% -1.0% -4.3% 0.6% 1.1%

‘Jan 2019 Forecast Previous 1.8% 2.0% 1.0% 1.0% 0.0% 0.1% 0.0% 0.2% -2.4% -3.0% 0.0% 0.6% 1.4% 2.3% Read comments

-1.9%

0.1%

-0.8%

-4.7% -5.1B 19.0B 10.5%

0.7% -4.9B 17.9B 10.5%

0.5% -4.1B 17.3B 10.6%

7.9%

8.1%

8.0%

0.29%

0.296%

0.34%

-1.3%

0.6%

1.3%*

0.7%

0.2%

0.1%

Total -2 0

Read comments -1.6%

-0.3%

-0.1%*

-1.2%

0.3%

0.2%

-1.7%

0.3%

0.1%*

0.0% -95.6B 15.1B

0.4% -91.9 B 13.2B

0.0% -87.0B 13.5B* Page 8

EUR 0.1% -0.1% 0.85% 3.84B 1.6% 1.0%

Read comments 0.1% 0.3% 0.909% 2.89B 1.7% 1.0%

0.1% -0.1% 1.04% 3.82B 1.6% 1.0%

Page 9

All Index Nº 1 2 3

Indicator G20 Meetings G20 Meetings

Relaction

Day 16 17

Page 10

Actual

‘Jan 2019 Forecast Previous Read comments

All Total

Page 11